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"Gold and Silver Investment: Real Wealth vs. Paper Money "

"If we go back but a short distance in history, say the early 1900s or even the 1500s for that matter, the concept of real wealth was predicated upon the ownership (or direct backing) of precious metals such as gold and silver. For example, one of the main reasons the Spanish conquistadores came to the New World was to search for precious metals, including mythical "Cities of Gold."

Gold and Silver as Economic MainstaysGold, and to a lesser extent, silver have always been the mainstays of economies and currencies dating back at least to the Greeks and Romans if not earlier. Precious metals replaced "barter" economies through a new, and often revolutionary, free trade. Monetary substitutes such as paper currencies, coins made of iron, zinc, or other "lowly" metals, and virtual or paper stocks and bonds are inevitably subject to devaluation, inflation, or even total collapse and devaluation. Precious metals, on the other hand, may vary in price from higher to lower depending upon a myriad of economic factors, but when was the last time an ounce of silver or gold was worth absolutely nothing?Many of Us Feel the PinchTo some extent, hasn't this already happened in the past 12-16 months in the United States and other countries whose economies are closely linked to ours? There are culprits galore to be had, but the current bad loan/mortgage fiasco probably deserves its role on center stage. Many of us are feeling the pinch from this savaging by unscrupulous lenders and borrowers in fundamental ways, including huge hits to our retirement accounts and investment portfolios, particularly where those portfolios were based on virtual or paper wealth such as stocks."

Authors profile:
"J.R.
Santa Fe, NM
I am a man of many interests, but one of my true passions is recreational gold mining, and the history and traditions of Western mining in general. I have 30 years' experience prospecting and placer gold mining and I am happy to have this opportunity to share my experience and knowledge with you. "

Thanks J.R. it's good to know if I decide to become a gold miner there's someone like you in this world who has my back.